Kilambi News
Monday, October 19, 2026

BBCMS Mortgage Trust 2021-C10 (segment D02, CIK 1864196): rating history

Page built October 19, 2026

Rating actions, action dates and public knowledge dates for BBCMS Mortgage Trust 2021-C10.

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01

← BBCMS Mortgage Trust 2021-C10 (segment D02, CIK 1864196) · CMBS market

Rating actions recorded in the dataset cover 20 of the deal's 23 classes. Each action shows the date the agency took the action and the date it became publicly knowable in the published rating histories, as explained in the note at the foot of this page.

Migration summary

AgencyActionsUpgradesDowngradesWithdrawalsNet notch movementFirst downgrade
Fitch20000not yet reportedNone recorded
KBRA109000+0 notches over 18 classesNone recorded
S&P67000+0 notches over 7 classesNone recorded

Net notch movement sums, over the classes with at least two recorded ratings from the agency, the difference between the last and first recorded rating in notches; a positive figure means the classes ended weaker than they began.

Actions by class

Class A-1

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01
Watch actionAAAPIFnot yet reported2024-11-132026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
Watch actionAAAWRnot yet reported2024-09-042026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2021-06-212026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2021-07-152026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2021-07-152026-10-01
Watch actionNR (prelim.)NRnot yet reported2024-09-042026-10-01

Class A-2

Fitch: current rating PIF

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01
Watch actionAAAPIFnot yet reported2025-07-242026-10-01

KBRA: current rating WR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01
Watch actionAAAWRnot yet reported2025-08-062026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2021-06-212026-10-01
New ratingAAA (sf) (prelim.)AAA (sf)not yet reported2021-07-152026-10-01
Outlook or watch actionAAA (sf)NR (prelim.)not yet reported2021-07-152026-10-01
Watch actionNR (prelim.)NRnot yet reported2025-07-312026-10-01

Class A-5

Fitch: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01

KBRA: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01

S&P: current rating AAA (sf)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)AAA (sf)not yet reported2021-07-152026-10-01
Outlook or watch actionAAA (sf) (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2025-10-302026-10-01

Class A-S

Fitch: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01

KBRA: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01

S&P: current rating AA+ (sf)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAA+ (sf) (prelim.)not yet reported2021-06-212026-10-01
Outlook or watch actionAA+ (sf)NR (prelim.)not yet reported2021-07-152026-10-01
New ratingAA+ (sf) (prelim.)AA+ (sf)not yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)AA+ (sf)not yet reported2025-10-302026-10-01

Class A-SB

Fitch: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01

KBRA: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01

S&P: current rating AAA (sf)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)AAA (sf)not yet reported2021-07-152026-10-01
Outlook or watch actionAAA (sf) (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2025-10-302026-10-01

Class B

Fitch: current rating AA-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAA-not yet reported2021-07-152026-10-01

KBRA: current rating AA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAnot yet reported2021-06-212026-10-01
New ratingAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAnot yet reported2025-06-132026-10-01

S&P: current rating AA- (sf)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAA- (sf) (prelim.)not yet reported2021-06-212026-10-01
Outlook or watch actionAA- (sf)NR (prelim.)not yet reported2021-07-152026-10-01
New ratingAA- (sf) (prelim.)AA- (sf)not yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)AA- (sf)not yet reported2025-10-302026-10-01

Class C

Fitch: current rating A-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedA-not yet reported2021-07-152026-10-01

KBRA: current rating A

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAnot yet reported2021-06-212026-10-01
New ratingAAnot yet reported2021-07-152026-10-01
No action code in sourceAAnot yet reported2022-06-292026-10-01
No action code in sourceAAnot yet reported2023-06-292026-10-01
No action code in sourceAAnot yet reported2024-06-142026-10-01
No action code in sourceAAnot yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01

Class D

Fitch: current rating BBB

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBBnot yet reported2021-07-152026-10-01

KBRA: current rating BBB+

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBB+not yet reported2021-06-212026-10-01
New ratingBBB+BBB+not yet reported2021-07-152026-10-01
No action code in sourceBBB+BBB+not yet reported2022-06-292026-10-01
No action code in sourceBBB+BBB+not yet reported2023-06-292026-10-01
No action code in sourceBBB+BBB+not yet reported2024-06-142026-10-01
No action code in sourceBBB+BBB+not yet reported2025-06-132026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01

Class E

Fitch: current rating BBB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB-not yet reported2021-07-152026-10-01

KBRA: current rating BBB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBB-not yet reported2021-06-212026-10-01
New ratingBBB-BBB-not yet reported2021-07-152026-10-01
No action code in sourceBBB-BBB-not yet reported2022-06-292026-10-01
No action code in sourceBBB-BBB-not yet reported2023-06-292026-10-01
No action code in sourceBBB-BBB-not yet reported2024-06-142026-10-01
No action code in sourceBBB-BBB-not yet reported2025-06-132026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01

Class F

Fitch: current rating BB+

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB+not yet reported2021-07-152026-10-01

KBRA: current rating BB+

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBB+not yet reported2021-06-212026-10-01
New ratingBB+BB+not yet reported2021-07-152026-10-01
No action code in sourceBB+BB+not yet reported2022-06-292026-10-01
No action code in sourceBB+BB+not yet reported2023-06-292026-10-01
No action code in sourceBB+BB+not yet reported2024-06-142026-10-01
No action code in sourceBB+BB+not yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01

Class G

Fitch: current rating BB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB-not yet reported2021-07-152026-10-01

KBRA: current rating BB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBB-not yet reported2021-06-212026-10-01
New ratingBB-BB-not yet reported2021-07-152026-10-01
No action code in sourceBB-BB-not yet reported2022-06-292026-10-01
No action code in sourceBB-BB-not yet reported2023-06-292026-10-01
No action code in sourceBB-BB-not yet reported2024-06-142026-10-01
No action code in sourceBB-BB-not yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01

Class H-RR

Fitch: current rating B-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedB-not yet reported2021-07-152026-10-01

KBRA: current rating B

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBnot yet reported2021-06-212026-10-01
New ratingBBnot yet reported2021-07-152026-10-01
No action code in sourceBBnot yet reported2022-06-292026-10-01
No action code in sourceBBnot yet reported2023-06-292026-10-01
No action code in sourceBBnot yet reported2024-06-142026-10-01
No action code in sourceBBnot yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01

Class J-RR

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01

Class X-A

Fitch: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAAnot yet reported2021-07-152026-10-01

KBRA: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01

S&P: current rating AAA (sf)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedAAA (sf) (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)AAA (sf)not yet reported2021-07-152026-10-01
Outlook or watch actionAAA (sf) (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01
No action code in sourceAAA (sf)AAA (sf)not yet reported2025-10-302026-10-01

Class X-B

Fitch: current rating A-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedA-not yet reported2021-07-152026-10-01

KBRA: current rating AAA

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedAAAnot yet reported2021-06-212026-10-01
New ratingAAAAAAnot yet reported2021-07-152026-10-01
No action code in sourceAAAAAAnot yet reported2022-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2023-06-292026-10-01
No action code in sourceAAAAAAnot yet reported2024-06-142026-10-01
No action code in sourceAAAAAAnot yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01

Class X-D

Fitch: current rating BBB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBBB-not yet reported2021-07-152026-10-01

KBRA: current rating BBB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBBB-not yet reported2021-06-212026-10-01
New ratingBBB-BBB-not yet reported2021-07-152026-10-01
No action code in sourceBBB-BBB-not yet reported2022-06-292026-10-01
No action code in sourceBBB-BBB-not yet reported2023-06-292026-10-01
No action code in sourceBBB-BBB-not yet reported2024-06-142026-10-01
No action code in sourceBBB-BBB-not yet reported2025-06-132026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01

Class X-F

Fitch: current rating BB+

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB+not yet reported2021-07-152026-10-01

KBRA: current rating BB+

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBB+not yet reported2021-06-212026-10-01
New ratingBB+BB+not yet reported2021-07-152026-10-01
No action code in sourceBB+BB+not yet reported2022-06-292026-10-01
No action code in sourceBB+BB+not yet reported2023-06-292026-10-01
No action code in sourceBB+BB+not yet reported2024-06-142026-10-01
No action code in sourceBB+BB+not yet reported2025-06-132026-10-01

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01

Class X-G

Fitch: current rating BB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedBB-not yet reported2021-07-152026-10-01

KBRA: current rating BB-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBB-not yet reported2021-06-212026-10-01
New ratingBB-BB-not yet reported2021-07-152026-10-01
No action code in sourceBB-BB-not yet reported2022-06-292026-10-01
No action code in sourceBB-BB-not yet reported2023-06-292026-10-01
No action code in sourceBB-BB-not yet reported2024-06-142026-10-01
No action code in sourceBB-BB-not yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01

Class X-H

Fitch: current rating B-

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedB-not yet reported2021-07-152026-10-01

KBRA: current rating B

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
No action code in sourcenot yet reportedBnot yet reported2021-06-212026-10-01
New ratingBBnot yet reported2021-07-152026-10-01
No action code in sourceBBnot yet reported2022-06-292026-10-01
No action code in sourceBBnot yet reported2023-06-292026-10-01
No action code in sourceBBnot yet reported2024-06-142026-10-01
No action code in sourceBBnot yet reported2025-06-132026-10-01

S&P: current rating NR (prelim.)

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNRNR (prelim.)not yet reported2021-07-152026-10-01

Class X-J

S&P: current rating NR

ActionPrior ratingRatingOutlook / watch afterAction datePublicly knowable
New ratingnot yet reportedNR (prelim.)not yet reported2021-06-212026-10-01
New ratingNR (prelim.)NRnot yet reported2021-07-152026-10-01
No action code in sourceNR (prelim.)NR (prelim.)not yet reported2021-07-152026-10-01

Action date is the date the agency took the rating action. Publicly knowable is the publication date of the agency's rating history file, published under SEC Rule 17g-7(b), in which the action is recorded in this dataset. The dataset holds each agency's current published history, so the publicly knowable date is the current file's date and is an upper bound on when the action first became public in this form: earlier editions of the file carried older actions sooner. Actions labeled "No action code in source" are records the agency's file carries without a rating action code, principally affirmations and outlook or watch updates; the rating shown is the rating recorded with the record. Outlook and watch states are shown as recorded after each action, so the state in force between two actions is the state shown on the earlier row.